If you used Relay online banking, you could set up as many sub-bank accounts as needed for various programs and then create debit cards tied to those accounts with spending limits.

You could put funds in a savings account. Some are earning 4% now. Ally bank or Relay. Easy to transfer back and forth.

We have been very happy with Relay Financial, an online only interface. You can create numerous sub accounts and issue debit cards, virtual or physical. So easy to use. Underlying bank is Thread Bank and balances over $250k are spread out to provide protection. No cost or $30/mo for free wires and same day ACH. Support has been good too.

Highly second Erica’s recommendation. The group is well run, very helpful and there are many who do nonprofit accounting who might be helpful.

There is a sample chart of accounts in the files section of the Facebook group

Greg Bosson does training in nonprofit accounting on QuickBooks. Tech Soup offers his training. I think he also has service p…

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